While the number of Baby Boomers turning 70 is accelerating, the same cannot be said for the supply of affordable seniors’ living in Australia. With demand for rentals set to skyrocket, former Ingenia CEO Simon Owen (pictured above) is taking Eureka vertical as he aims to deliver a new vision for the rental village operator.

It took just six weeks in his new role as CEO of the only pure-play seniors’ rental communities' operator, for the man who transformed two small village operators into the then $1.65 billion ASX-listed Ingenia Communities, to reveal his objectives.

I’m excited to announce that six weeks after joining Eureka Group Holdings as CEO, today we have announced a $70 million transformative fully underwritten capital raise to acquire seven communities and provide capital to materially grow the business,” Simon said.

At Eureka’s AGM in October, Sim